GOLD PRICE IN JAPANESE YEN — MAY 8, 2020
💱 XAU/JPY · Friday, May 8, 2020
On Friday, May 8, 2020, the gold spot price was C$2,388.64 per troy ounce in Canadian Dollars, equivalent to ¥249,135.15 JPY per ounce or ¥8,009.88 JPY per gram. Gold fell -2.05% from the previous trading session.
Currency fluctuations between CAD and JPY significantly impact the effective cost of gold for international investors. Japan is the world's third-largest economy and a significant gold consumer, particularly for jewelry and industrial applications. The Bank of Japan's ultra-loose monetary policy has historically supported higher gold prices in Yen terms, making Japan an active gold market for both institutional and retail investors.
PRICE COMPARISON — MAY 8, 2020
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$2,388.64 | C$76.80 | C$76,796.45 |
| JPY | ¥249,135.15 | ¥8,009.88 | ¥8,009,869.53 |
SPOT OHLC (CAD)
| Metric | CAD | JPY |
|---|---|---|
| Open | C$2,411.42 | ¥251,511.11 |
| High | C$2,415.19 | ¥251,904.32 |
| Low | C$2,380.12 | ¥248,246.52 |
| Close | C$2,388.64 | ¥249,135.15 |